HQ Capital Private Equity LLC

Item 5 | Fees and Compensation
For its investment advisory services related to the Funds, HQ Capital receives management fees at an annual
rate generally ranging from 0.50% to 1.50% (“Management Fees”). These fees are typically paid on a quarterly
basis. HQ Capital also receives accounting & administrative fees for certain private funds. Investors in the
Funds are also subject to performance fees as described below. Fees charged to separate managed
account Clients are negotiated with each Client based on the scope of services to be provided.

All Clients are also subject to expenses from financial institutions and other third parties such as tax
compliance fees, audit fees, banking fees, custodial fees, tax preparation fees, legal expenses, and
insurance. The disclosure under Item 12 contains additional information regarding brokerage and other
transaction costs.

HQ Capital has entered into side letters with certain investors and/or Clients whereby it waives or reduces
fees, agrees to provide greater levels of portfolio transparency, and/or include certain other clauses beneficial
to the investor. For the current Funds, all side letter provisions granted to investors are disclosed to all limited
partners after the final close of the Fund. Only the side letter provisions are disclosed, not the names of the
investors. Any beneficial terms that are offered to one limited partner are also offered to all other limited
partners that have the same or a higher commitment amount or have the same regulatory profile.

A full description of fees and expenses that may be charged to the private funds is available in each Fund’s
respective offering documents.

                                                                        HQ Capital Private Equity LLC | Page 4

                                                                              Form ADV Part 2A: Firm Brochure

Item 7 | Types of Clients
As discussed in Item 4, and pursuant the SEC’s guidance, HQ Capital considers its Funds and separate
managed accounts as its Clients. HQ Capital primarily acts as investment adviser to pooled investment
vehicles and separate managed accounts for institutional clients. HQ Capital’s global investor base consists
of insurance companies, pension funds, corporations, endowments, foundations, high net worth individuals
and family offices.

In general, the minimum investor commitment to a Fund ranges from $1,000,000 to $5,000,000 and typically
around $100,000,000 for managed account mandates, although HQ Capital may accept commitments of
lesser amounts. The minimum commitment amounts of the Funds and separate managed accounts to
underlying investments depend on the investment strategy of each Client.